Is it possible to have a GDP deflator of less than 100? Multiple Choice
1. Yes, it woul...
Is it possible to have a GDP deflator of less than 100? Multiple Choice
1. Yes, it would indicate a year when output was lower than in the base year.
2. No, that is mathematically impossible for the deflator to be less than 100.
3. Yes, it would indicate a year when prices were lower than in the previous year.
4. Yes, it would indicate a year when prices were lower than in the base year.
Answers: 1
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Organizations typically rely on schedules, such as hourly wages and annual reviews and raises.
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